Strategic Report Strategic Report Strategic Report Financial Additional Overview Strategy Performance Governance Statements Information Wealth Management Bank of Georgia’s Wealth Management is a private banking arm of our Corporate Investment Banking which serves high-net worth individuals and offers investment management products internationally through representative offices in London, Budapest, Istanbul, Tel Aviv and Limassol. Since its launch in 2005, our customer base in Wealth Management increased to 1,528 clients from 76 countries compared to 1,434 clients from 75 countries in 2017. Assets under management (AUM) increased to GEL 2,271.5 million, up 22.3% y-o-y. In January 2019, Bank of Georgia opened an office in the centre of Tbilisi, which is dedicated to serve our Wealth Management clients. This coincides with the creation of a new brand identity for the Bank’s Wealth Management, which is based on the virtues of both Georgia and the Bank itself. The country offers a number of advantages such as stability, a liberal tax system, innovative financial services, a growing economy and security to international investors. Bank of Georgia is a leading bank that delivers strong returns, constantly innovates and is known for reliability. Our strategic focus in Wealth Management is to turn it into a regional hub for private banking and extend its client base to nearby countries. A stable business environment in Georgia and Bank of Georgia’s reputation and expertise make it a perfect bank for affluent individuals to do business with. Bank of Georgia is a digitally strong bank, but we always apply a tailor- made approach when the needs of our clients are concerned. Annual Report 2018Bank of Georgia Group PLC 35